President Trump is expected to unveil his plan for reciprocal tariffs before meeting with Indian Prime Minister Narendra Modi. The move is seen as a key part of Trump's economic agenda and comes as India prepares to reduce its tariffs in an effort to avoid trade tensions with the U.S.
President Donald Trump may reveal his plan for reciprocal tariffs before his meeting with India n Prime Minister Narendra Modi on Thursday, according to the White House. Trump recently stated his intention to impose retaliatory tariffs on every country that levies import duties on the United States.
White House Press Secretary Karoline Leavitt indicated to reporters that the announcement is likely to occur before the Prime Minister's visit, stating, 'I do believe it will come before the prime minister's visit tomorrow.' Leavitt further emphasized the significance of this policy for the president, saying, 'I will let the president discuss the details on the reciprocal tariff front, but this is something he believes strongly in.'Trump had previously announced his plan on Sunday, stating that reciprocal tariffs would be imposed on 'every country' that applies import duties to American goods. House Speaker Mike Johnson (R-La.) suggested to Reuters on Wednesday that Trump is contemplating exemptions from these reciprocal tariffs for the pharmaceutical and auto industries. This impending move underscores the central role tariffs play in Trump's economic agenda. During his first month in office, Trump implemented broad import duties on China, Canada, and Mexico. These tariffs on the U.S. neighbors were temporarily suspended for 30 days after agreements were reached to address illegal crossings and drug trafficking at their respective borders.Meanwhile, reports indicate that Modi is preparing to reduce India's tariffs in various sectors ahead of his meeting with Trump. This move appears to be a strategic attempt by India to avoid a potential trade war with the United States. Additionally, Modi's discussions with Elon Musk are expected to encompass Musk's private business ventures, including the expansion of Starlink and Tesla in India, according to a government official.
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